https://www.taxtmi.com/caselaws?id=435988 The Court found that the Registrar of Companies (ROC) followed proper procedures in striking off three companies' names from the Register of Companies. Despite compliance, due to operational status and prejudice caused, the Court directed the Petitioner to deposit Rs.1 lakh for each company as a pro tem penalty, with restoration upon deposit. The companies can make representations to the ROC for further consideration and penalty imposition. Upon deposit, freezing orders will be lifted, and communication will be via email and Speed Post. The Petitioners can still seek remedies from the National Company Law Tribunal (NCLT). This decision is case-specific and not a precedent. en-us Wed, 29 Mar 2023 00:00:00 +0530 Sat, 01 Apr 2023 08:21:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435988 The Court found that the Registrar of Companies (ROC) followed proper procedures in striking off three companies' names from the Register of Companies. Despite compliance, due to operational status and prejudice caused, the Court directed the Petitioner to deposit Rs.1 lakh for each company as a pro tem penalty, with restoration upon deposit. The companies can make representations to the ROC for further consideration and penalty imposition. Upon deposit, freezing orders will be lifted, and communication will be via email and Speed Post. The Petitioners can still seek remedies from the National Company Law Tribunal (NCLT). This decision is case-specific and not a precedent. Case-Laws Companies Law Wed, 29 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435988